Masonry Four-Unit
For Sale
$799,700
100 Chestnut Street, Central Falls, RI 02863
Masonry construction and garage space complement this four-unit residential income property.
Property Size3,244 SF
Price / SF$246.52
Days on Market56
Property Features for 100 Chestnut Street
General Information
Standard status
Active
Size
3,244 SF
Property subtype
MultiFamily
Building Details
Year Built
1900
Listing Agency:
RI Real Estate Services
(401) 885-5400
Listed By:
Filomena ALTIERI · License #RES.0021409
(401) 486-2001
Source:
Lockandkeyre
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 12 at 7:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RI Real Estate Services
Investment Insights
Based on property information with market context.
This four-unit quadplex in Central Falls, Rhode Island, was built in 1900 and has a masonry exterior. The property contains 3,244 square feet and sits on a lot of approximately 10,000 square feet.
A five-car garage is included on the property, providing substantial accessory space alongside the residential units. The existing occupancy is described as long-term rentals, with rental income characterized as low. The property is located at 100 Chestnut Street, with access to local conveniences in the surrounding area.
A five-car garage is included on the property, providing substantial accessory space alongside the residential units. The existing occupancy is described as long-term rentals, with rental income characterized as low. The property is located at 100 Chestnut Street, with access to local conveniences in the surrounding area.
Key Highlights
- Four‑unit quadplex with masonry exterior
- 3,244‑square‑foot property built in 1900
- Lot measuring close to 10,000 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,014
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,280
$1.1M
Cap Rate 7%
$771,629
$771.6K
Cap Rate 9%
$600,156
$600.2K
Market Conditions
NOI Build-Up for 3,244 SF
Gross rent
$82.5K $25.44/SF
− Vacancy
−$5.4K −$1.65/SF
EGI
$77.2K $23.79/SF
− OpEx
−$23.1K −$7.14/SF
NOI
$54.0K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,280
Cap Rate 7%
$771,629
Cap Rate 9%
$600,156
Alternative Uses
Best Use
Multifamily LT 5
$771.6K
$675.2K – $900.2K
NOI $54,014 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$612.4K
$535.9K – $714.5K
NOI $42,868 @ 7.0% cap · market cap 5.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Masonry construction and garage space complement this four-unit residential income property.
Where is this quadplex located?
The property is located at 100 Chestnut Street Central Falls, RI.
What is the asking price?
The asking price for this property is $799,700.
What are key features of this property?
This property features: Four‑unit quadplex with masonry exterior; 3,244‑square‑foot property built in 1900; Lot measuring close to 10,000 sq ft
